Economics 2012 | Study Mode

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Question 21
A
net exports from GNP
B
subsidies from GDP
C
taxes from GDP
D
depreciation from GNP
Explanation

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Correct option: D
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Question 22
A
8
B
4
C
3
D
2
Explanation

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Correct option: D
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Question 23
A
N0.5m
B
N1.5m
C
N2.6m
D
N8.0m
Explanation

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Correct option: D
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Question 24
A
100
B
200
C
240
D
300
Explanation

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Correct option: B
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Question 25
A
paper money
B
standard money
C
commodity money
D
fiat money
Explanation

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Correct option: D
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Question 26
A
liquidity ratio
B
cash reserve ratio
C
minimum lending rate
D
aggregate credit ceiling
Explanation

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Correct option: C
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Question 27
A
provide funds for long-term financing
B
provide funds short-term financing
C
stabilize the value of the local currency
D
stabilize domestic prices
Explanation

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Correct option: B
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Question 28
A
special commodities
B
exports
C
imports
D
the value of a commodity
Explanation
An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT)

Correct option: D
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Question 29
A
appreciated
B
decreased
C
depreciated
D
stagnated
Explanation

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Correct option: D
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Question 30
A
continuous dependence on oil
B
concentrating more on agriculture
C
developing the tourism industry
D
diversifying the economy
Explanation

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Correct option: D

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